Originally Posted by
cotr
Ive been researching this myself, and it appears that Fidelity has documented a fee that they usually dont charge. It looks like the highest documented fee has been around 0.2%
Where have people documented this ?
I have read the Fidelity has said that they charge a 1% fee, but I never used it myself. Just a backup. I always used Capital One b/c they definitely do not charge any FOREX fee of their own, and they definitively have stated that they do not pass along fees assessed by networks and absorb it. If that pass along fee is almost always a low 0.2% and never 1%, it is probably easier to simply use Fidelity.
Capital One DOES NOT absorb the ATM fee. 1% of $600 amounts to $6, so it seemed to make sense since Capital One charged just a $1 or $1.50 ATM fee, or something like that. If one was withdrawing just 40 or 100 Euro, then it would not make sense.